Encouraging ‘technopreneurs’ in Sri Lanka
View(s):The Central Bank (CB) has suggested encouraging the creation of technopreneurs – those engaged in businesses that involve technology.
In a report on the technology business, the CB said developing TIG (Tertiary Education Institutes, Industry and Government) linkage, collaboration with international funding bodies, establishing a strong venture capital network, a sound legal framework, entrepreneur friendly tax policies, improving the ease of doing business, a robust science and technology policy, capacity building programmes for implementers and awareness programmes for the industry sector are some of the areas that need to be addressed in going forward.
It said classic examples of world renowned technopreneurs could be drawn from the information technology industry and electrical and electronic equipment industry. These technopreneurs have been the driving force behind the rapid penetration of technologies in their countries, which has propelled economic growth. A technopreneurial culture converts techno savvy business ideas into marketable products, instrumental for high value addition and export diversification and acts as a key tool for improving regional and national competitiveness.
“Accordingly, many countries, particularly South East Asian countries, that selected the technopreneurial culture as the fastest route to economic development have taken measures to promote technopreneurship encouragement policies through the establishment of technology business incubators,” it said.
Therefore, the CB noted creating a technopreneurial culture with the proliferation of technology business incubators is necessary for Sri Lanka in order to move to a substantially higher income level and sustain a high level of economic growth.
(SP)
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